Financial Stability

Unshackling securitisation is key to Europe’s post-pandemic recovery

By Richard Hopkin
BRR fallback image

Following the global financial crisis (GFC), new regulation was imposed to constrain the misuse of risky securitised products such as US sub-prime mortgages. However, these products were largely confined to the US, and today, with the benefit of the years that have passed, the evidence shows that European securitisation has ...

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